Cedric Productions, reported the following account balances on January 1. The company entered into the following transactions during the year. January 15 Issued 8,600 shares of $1 par common stock for $56,000 cash. January 31 Collected $3,000 from customers on account. February 15 Reacquired 3,060 shares of $1 par common stock into treasury for $33,660 cash. March 15 Reissued 2,060 shares of treasury stock for $24,660 cash. August 15 Reissued 680 shares of treasury stock for $4,600 cash. September 15 Declared (but did not yet pay) a 51 cash dividend on each outstanding share of common stock. october 1 Issued 10e, 10-year, $1,040 bonds, at a quoted bond price of 101 . October 3 Wrote oft a $1,500 balance due from a customer who went bankrupt. December 29 Recorded $236,000 of service revenue, all of which was collected in cash. December 30 Paid $206,000 cash for this year's wages through Decesber 31. (Ignore payroll taxes and payroll December 31 Calculated $10,000 of depreciation for the year to be recorded. (Ignore accruat adjustments for interes Journal entry worksheet 234567813 Issued 8,000 shares of $1 par common stock for $56,000 cash. Record the transaction. Note: Enter debiss before credis. Calculate the Debt to Assets Ratio and analyze the impact of the Debt to Assets Ratio. (Round your answer to 2 decima places.)